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Tata Steel has decided to stop operating the coke ovens at its Port Talbot plant in Wales, UK. The company stated in a regulatory filing that a decline in operational stability led to the decision. Tata Steel UK plans to boost coke imports to mitigate the impact of the coke oven closures. Coke ovens are blast furnaces or manufacturing facilities used to produce coking coal, a key raw material in steel manufacturing.
The move is part of Tata Steel's transformation from an emission-intensive blast furnace technology to low-carbon steelmaking via electric arc furnaces. The company has said that many of its heavy-duty assets in Port Talbot have reached the end of their useful lives.
On January 19, Tata Steel announced the closure of Port Talbot’s two blast furnaces and coke ovens, following consideration of an alternative proposal from the UK trade unions’ representative body and their advisor. The company agreed to adopt parts but said continued blast furnace operation was neither feasible nor affordable. The transition was expected to result in up to 2,800 potential job losses across the businesses.
Tata Steel today said that it is in advanced consultations with US trade unions on its proposal for the planned restructuring. This involves closing the iron and steelmaking assets at Port Talbot and subsequent transition to sustainable low-CO2 steelmaking. The plan also involves a £1.25 billion investment in electric arc furnace technology in Port Talbot and asset upgrades.
Of the £1.25 billion investment, the UK government has committed £500 million to enable the transition, and Tata Steel plans to invest £750 million.
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